Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2015

NOTE 4 – PROPERTY AND EQUIPMENT

Furniture, fixtures and equipment, stated at cost, less accumulated depreciation and consisted of the following at:

	September 30, 2015			December 31, 2014
Furniture Fixtures & Equipment	$	77,665		$	77,665
Tooling & Moldings		59,955			86,455
Leasehold improvements		—			12,230
Less: accumulated depreciation		(94,172	)		(85,585	)
Fixed assets, net	$	43,448		$	90,765

Disposal of fixed assets

During the nine months ended September 30, 2015, the Company ceased using the office space for which it had capitalized prior leasehold improvement expense of $12,230. Accordingly, the Company has determined that carrying amount of such asset is not recoverable and has written it down to $0, resulting in a loss on disposal of $7,148.

During the nine months ended September 30, 2015, the Company determined that it would no longer be using the Scrub n Slide tooling that had been capitalized at $26,500. Accordingly, the Company has determined that carrying amount of such asset is not recoverable and has written it down to $0, resulting in a loss on disposal of $9,886.

Depreciation expense

Depreciation expense for the nine months ended September 30, 2015 and 2014 was $30,283 and $29,476, respectively.